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Recently, the 300,000-ton (bio-based) composite material project of Heilongjiang Xinda Enterprise Group Co.
, Ltd.
started construction in the Pingfang area of Harbin New District
.
The project has a total investment of 2.
6 billion yuan and a total construction area of 132,600 square meters.
After completion, it will become the largest bio-based composite material base in the country
.
Xinda Group is an early manufacturer of automotive polymer composite materials in China, and the first NASDAQ-listed new material company in Greater China
.
The 300,000-ton (bio-based) composite material project built by the group this time is also a typical "agricultural head and work tail" project
.
"The 300,000-ton (bio-based) composite material project has been included in the top 100 projects in Heilongjiang Province in 2020.
The piling ahead of schedule this winter can save half a year for the construction of the project next year,
" said Ma Qingwei, general manager of Xinda Group
.
He said that the project started half a year ahead of schedule, not only because of the booming market demand for bio-based composite materials, but also because of the continuous optimization of the business environment
.
According to the financial report released by Xinda Group, the operating income from January 1 to June 30, 2019 was US$765 million, a year-on-year increase of 21.
78%
.
The newly started 300,000-ton (bio-based) composite material project is scheduled to reach production in 2025.
After reaching production, the sales revenue is expected to exceed 5.
2 billion yuan.
By then, the company will successfully enter the ranks of tens of billions of enterprises
.
